Calle Atocha 2,454 SF Retail Condo Unit Offered at $1,047,126 in Centro, Madrid 28012

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INVESTMENT HIGHLIGHTS

Investment opportunity with a return of €5.23
Good communications

Central and busy area

PROPERTY FACTS

Price	$1,047,126
Unit Size	2,454 SF
No. Units	1
Total Building Size	10,000 - 60,000 SF
Property Type	Multifamily (Condo)
Sale Type	Investment or Owner User
Building Class	C
Floors	6
Year Built	1970 - 1979

1 UNIT AVAILABLE

Unit Size	2,454 SF
Price	$1,047,126
Price Per SF	$426.70
Condo Use	Retail
Sale Type	Investment or Owner User

DESCRIPTION

Hospitality business with a return of 5.23% per year, located on the most commercial stretch of Atocha Street, in the heart of the Centro district of Madrid.
The premises are rented to Restaurante Sofía, a company with more than 20 years operating in the area. The property is in a location with high foot traffic and road traffic, ensuring excellent visibility and an influx of customers.
The premises have a total area of 228 m2, distributed in 120 m2 on the street floor, 59 m2 in the basement and 49 m2 on the mezzanine floor. It has a very large façade of 5 linear meters, a height of 2.80 meters, smoke outlet and definitive hospitality license. In addition, it is a very bright space, which enhances its atmosphere and attractiveness.

SALE NOTES

Hospitality space with a 5.23% annual return, located on the most commercial stretch of Atocha Street, right in the heart of Madrid's Centro district.
The property is leased to Restaurante Sofía, a company with over 20 years of experience operating in the area. It is situated in a high foot traffic and vehicular traffic location, ensuring excellent visibility and a steady flow of customers.

The space has a total area of 228 m², distributed as follows: 120 m² on the ground floor, 59 m² in the basement, and 49 m² on the mezzanine level. It features a wide façade of 5 linear meters, a ceiling height of 2.80 meters, a smoke vent, and a definitive hospitality license. Additionally, the space is very bright, enhancing its ambiance and appeal.